RE:Did Hut8 just DUMP 1/3 of their Bitcoins?The stock is really starting to move now.......i guess "some" news is imminent......ANY day now. Hopefully before the week-end.
BUT.....Still NO NEWS on their production numbers for May.........BUT........i figure the BIG delay is most likely intentional & purposely being done.....to mask those awful numbers for May with some "other" GREAT news .......maybe some substantial financing deal ALONG WITH some BIG purchase order for some of those latest, powerful Bitmain mining rigs. Which is long overdue imo.
If this is so......Hut will more or less..... TRIPLE .....their hash rate.....OVERNIGHT.... solely on them replacing their outdated & obsolete miners across ALL their operations. With NO added energy infrastrucuture needed. This means....the stock will get repriced, rerated almost immediately on that news.
Hopefully the rumors of them selling a good portion of their coins to fund that are completely false & not true...... i HOPE.....and this will all get funded with a decent equity financing deal with more than acceptable terms for Hut s/h.....
Should be a wild ride....upwards... this for the remainder & next week .....especially if Bitcoin co-operates.....and goes up as well. This should easily break the $20 very soon if my assessment is pretty accurate and even at that price.....the stock is STILL very cheap imo.....
GLTA